Vietnam stock market 7th biggest gainer globally
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Vietnam’s stock market was the seventh biggest gainer last year at 35.7 percent, outperforming regional peers, as new retail investors rushed to a new asset for profit.
With the benchmark VN-Index rising 394 points to close the year at 1,498 points, Vietnam listed among the top 10 gaining stock markets in the world with Abu Dhabi, Argentina, and Iceland in the top 3.
In Asia, Vietnam outperformed major markets like Taiwan (24 percent), Thailand (14 percent), and Indonesia (10 percent).
Some markets like Malaysia and Hong Kong posted a decline.
2021 was the third year in a row the VN-Index went up. Growth was 7.6 percent and 14.7 percent in the previous years.
Growth exceeded forecasts of several brokerages at around 1,300 or 1,400 points.
Several analysts said with a price-to-earnings ratio of 17.47, the Vietnam market is still “cheaper” than others in the region.
The main bourse, Ho Chi Minh Stock Exchange (HoSE), closed the year with a market cap of VND5,830 trillion ($256.21 billion).
Brokerage VNDirect has forecast the VN-Index could reach 1,700 points this year.
Questions & Answers
Q.How much did Vietnam's stock market gain last year compared to other markets?
How much did Vietnam's stock market gain last year compared to other markets?
Vietnam's stock market was the seventh biggest gainer globally last year, increasing by 35.7 percent. This performance outstripped major regional markets such as Taiwan (24 percent), Thailand (14 percent), and Indonesia (10 percent).
Q.How does the value of Vietnam's stock market compare to others in the region?
How does the value of Vietnam's stock market compare to others in the region?
Despite its strong growth, analysts consider Vietnam's market relatively inexpensive. Its price-to-earnings ratio of 17.47 suggests it is still 'cheaper' than other markets in the region.
Q.What was the market capitalisation of the Ho Chi Minh Stock Exchange at the end of last year?
What was the market capitalisation of the Ho Chi Minh Stock Exchange at the end of last year?
The Ho Chi Minh Stock Exchange, the main bourse, ended the year with a market capitalisation of VND5,830 trillion. This figure translates to $256.21 billion.
Q.What is the forecast for the VN-Index this year?
What is the forecast for the VN-Index this year?
Brokerage VNDirect has provided a forecast for the VN-Index's performance this year. They predict that the index could potentially reach 1,700 points.
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